European economic data remained light on Friday and the EUR was able to push higher again. The Spanish Bonds auction went well closing out the week, which may have helped investor sentiment and European equities continued to...
The Sterling continued to follow the EUR’s lead and trade better against the USD. The GBP has picked up ground versus the Greenback as risk sentiment has continued rise. The U.K. released a better than expected Prelim...
The JPY continues to lean towards the stronger side of its value against the USD in what has been consistently risk adverse trading. Asian bourses have reflected their American counterparts producing cautious gains on a lack of...
GBP/USD Open 1.4837 High 1.4932 Low 1.4773 Close 1.4817After the deep correction last Thursday, on Friday Pound/Dollar recovered partially, in converse with negative Interbank sentiment at around -25%. The Cable appreciated to 1.4883 on Friday, than dropped...
The Euro rose to a four week high against the USD and the Australian Dollar jumped more than 1% this morning, as news flooded the market that China would give the Yuan more flexibility. Beijing announcement to...
Analysts have begun to make positive statements regarding China’s latest announcement that it may consider an easing of the rigidness of their monetary policy. This could result in the Chinese yuan being allowed to appreciate normally and...
As the U.S Dollar continues to trade in a weak range, technicians will be looking for breaches of key levels which may suggest Dollar weakness will continue.
EURUSDThe pair continued the bullish wave, shown in the previous weekly report nearing from resistance for the main descending channel that meets with 38.2% Fibonacci correction at 1.2565.
The price continues trading regularly within the bullish channel that will lead crude to ascend after breaching the neckline for the mentioned bullish technical pattern at 75.75.
EUR/USD Open 1.2407 High 1.2460 Low 1.2245 Close 1.2382On Friday Euro/Dollar traded hesitantly and with partial downward correction. The European currency depreciated from 1.2413 to 1.2357 on Friday, in line with the Interbank sentiment projection, at around...
